Philadelphia Consolidated Q1 Income Rises 89%
NU Online News Service, April 23, 10:53 a.m. EDT?Philadelphia Consolidated Holding Corp. reported strong underwriting helped first-quarter net profit increase 89.3 percent to $25 million from $13.2 million reported a year earlier. [@@]
The Bala Cynwyd, Pa.-headquartered property-casualty insurer reported $252.4 million in gross written premiums, an increase of 30.6 percent from $193.3 million reported one year earlier. The company's combined ratio improved to 85.1, down from 92.2 one year ago.
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